Global Train Bogies Market Growth 2023-2029

Global Train Bogies Market Growth 2023-2029

A bogie is a structure underneath a railway vehicle body to which axles and wheels are attached through bearings.

LPI (LP Information)' newest research report, the “Train Bogies Industry Forecast” looks at past sales and reviews total world Train Bogies sales in 2022, providing a comprehensive analysis by region and market sector of projected Train Bogies sales for 2023 through 2029. With Train Bogies sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Train Bogies industry.

This Insight Report provides a comprehensive analysis of the global Train Bogies landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Train Bogies portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Train Bogies market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Train Bogies and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Train Bogies.

The global Train Bogies market size is projected to grow from US$ 2117.3 million in 2022 to US$ 2893.8 million in 2029; it is expected to grow at a CAGR of 2893.8 from 2023 to 2029.

Europe is the largest Train Bogies market with about 31% market share. North America is follower, accounting for about 27% market share.

The key players are Amsted Rail, CRRC Sifang, Tatravagónka, Siemens AG, Kawasaki, Alstom, Bombardier, NSSMC, WBN Waggonbau Niesky GmbH, Titagarh Group, Jiangsu Railteco Equipment, Ganz Moto, PROMEC srl etc. Top 3 companies occupied about 50% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Train Bogies market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
2-axle Bogies
3-axle Bogies
Others

Segmentation by application
Subway Train
Normal-Speed Railway Train
High-Speed Railway Train

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Amsted Rail
CRRC Sifang
Tatravagónka
Siemens AG
Kawasaki
Alstom
Bombardier
NSSMC
WBN Waggonbau Niesky GmbH
Titagarh Group
Jiangsu Railteco Equipment
Ganz Moto
PROMEC srl

Key Questions Addressed in this Report

What is the 10-year outlook for the global Train Bogies market?

What factors are driving Train Bogies market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Train Bogies market opportunities vary by end market size?

How does Train Bogies break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.